Alaska Air Group, Inc. (ALK) Shares Sold by Renaissance Group LLC

Renaissance Group LLC lessened its stake in shares of Alaska Air Group, Inc. (NYSE:ALK) by 0.6% during the fourth quarter, HoldingsChannel reports. The firm owned 376,683 shares of the transportation company’s stock after selling 2,436 shares during the period. Renaissance Group LLC’s holdings in Alaska Air Group were worth $27,690,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. California Public Employees Retirement System lifted its stake in shares of Alaska Air Group by 0.7% during the fourth quarter. California Public Employees Retirement System now owns 365,169 shares of the transportation company’s stock worth $26,844,000 after purchasing an additional 2,360 shares in the last quarter. Icon Advisers Inc. Co. lifted its stake in shares of Alaska Air Group by 14.1% during the fourth quarter. Icon Advisers Inc. Co. now owns 8,100 shares of the transportation company’s stock worth $595,000 after purchasing an additional 1,000 shares in the last quarter. Hodges Capital Management Inc. lifted its stake in shares of Alaska Air Group by 50.0% during the fourth quarter. Hodges Capital Management Inc. now owns 9,000 shares of the transportation company’s stock worth $662,000 after purchasing an additional 3,000 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in shares of Alaska Air Group by 55.3% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,495 shares of the transportation company’s stock worth $186,000 after purchasing an additional 888 shares in the last quarter. Finally, Saturna Capital CORP lifted its stake in shares of Alaska Air Group by 42.2% during the fourth quarter. Saturna Capital CORP now owns 12,075 shares of the transportation company’s stock worth $888,000 after purchasing an additional 3,586 shares in the last quarter. Institutional investors own 87.75% of the company’s stock.

A number of research analysts have commented on ALK shares. Bank of America reduced their price objective on Alaska Air Group from $100.00 to $96.00 and set a “buy” rating on the stock in a research note on Friday, October 13th. Imperial Capital reduced their price objective on Alaska Air Group from $85.00 to $70.00 and set a “line” rating on the stock in a research note on Thursday, October 26th. Cowen reduced their price objective on Alaska Air Group from $100.00 to $89.00 and set an “outperform” rating on the stock in a research note on Thursday, October 26th. Stifel Nicolaus dropped their target price on Alaska Air Group from $125.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday, October 26th. Finally, Morgan Stanley lifted their target price on Alaska Air Group from $83.00 to $91.00 and gave the stock an “overweight” rating in a research report on Thursday, October 26th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, eight have assigned a buy rating and three have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $87.68.

In other news, EVP Andrew R. Harrison sold 540 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $65.53, for a total transaction of $35,386.20. Following the completion of the transaction, the executive vice president now directly owns 20,788 shares of the company’s stock, valued at $1,362,237.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David L. Campbell sold 4,934 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $68.00, for a total value of $335,512.00. Following the transaction, the chief executive officer now directly owns 9,648 shares of the company’s stock, valued at $656,064. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by corporate insiders.

Shares of Alaska Air Group, Inc. (NYSE ALK) opened at $64.07 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.79 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $7,880.00, a PE ratio of 7.72, a P/E/G ratio of 3.31 and a beta of 0.85. Alaska Air Group, Inc. has a fifty-two week low of $59.25 and a fifty-two week high of $101.43.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings data on Thursday, January 25th. The transportation company reported $0.83 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.83. The firm had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.96 billion. Alaska Air Group had a return on equity of 24.40% and a net margin of 12.96%. Alaska Air Group’s quarterly revenue was up 28.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.56 earnings per share. equities analysts anticipate that Alaska Air Group, Inc. will post 5.73 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Tuesday, February 20th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, February 16th. This is a positive change from Alaska Air Group’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a dividend yield of 2.00%. Alaska Air Group’s dividend payout ratio is 14.48%.

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Alaska Air Group Profile

Alaska Air Group, Inc is the holding company of Alaska Airlines (Alaska), Virgin America Inc, Horizon Air (Horizon) and other business units. The Company operates through three segments: Mainline, Regional and Horizon. Its Mainline segment includes Alaska’s and Virgin America’s scheduled air transportation for passengers and cargo throughout the United States, and in parts of Canada, Mexico, Costa Rica and Cuba.

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Institutional Ownership by Quarter for Alaska Air Group (NYSE:ALK)

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